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Euro to US Dollar Exchange Rate Fluctuates in Anticipation of Jackson Hole Fed News Published: 22 Aug at 5 PM
Despite some stronger than expected Eurozone data and weaker US data today, the Euro to US Dollar (EUR/USD) exchange rate has failed to advance or hold its ground. Investors are largely hesitant to make any big moves on the US Dollar ahead of tomorrow’s session, when many analysts expect big developments from the Federal Reserve at the...
Pound (GBP) Falls as No-Deal Brexit Fears Rise as Boris Johnson Heads to Europe Published: 21 Aug at 5 PM
Pound Sterling (GBP) The Pound fell against many of its peers today as Prime Minister Boris Johnson headed to Europe to renegotiate the Irish backstop with German Chancellor Angela Merkel and French President Emmanuel Macron. However, as both leaders are expected to reject the removal of the backstop, this has left many Sterling traders...
US Dollar (USD) Sinks as Federal Reserve Hints at Possible Rate Cuts Published: 8 Aug at 5 PM
Pound Sterling (GBP) The Pound (GBP) fell today following the publication of the RICS Housing Price Balance figures for July, which fell below forecast and sank to -9%. Meanwhile, no-deal Brexit fears rose as Prime Minister Boris Johnson’s main advisor, Dominic Cummings, is perceived as likely to push through Parliament to achieve...
Pound (GBP) Under Pressure as BoE Slashes Economic Growth Forecasts Published: 1 Aug at 4 PM
Pound Sterling (GBP) Under Pressure as BoE Leaves Rates Unchanged The Pound continued to slump on Thursday as data revealed that July’s Markit manufacturing PMI was left stuck at a six-and-a-half year low of 48. Meanwhile, the Bank of England (BoE) left rates unchanged. However, in its last economic forecasts before the UK is...
US Dollar (USD) Weakens as Federal Reserve is Expected to Cut Interest Rates Published: 31 Jul at 5 PM
Pound Sterling (GBP) The Pound (GBP) edged higher against many of its competitors today despite increased no-deal Brexit fears. Prime Minister Boris Johnson has taken a more confrontational approach on the Irish backstop, requesting that the EU remove it from the withdrawal agreement. Mr Johnson has increasingly stated the UK would...
GBP/USD Exchange Rate Falls Below $1.24 for the First Time in 27 Months Published: 16 Jul at 5 PM
Pound Sterling (GBP) Slumps as UK Wages Rise at Fastest Rate Since 2008 Sterling was left under pressure on Tuesday despite data revealing that UK unemployment remained at a multi-decade low of 3.8%. Added to this, UK wages rose at the fastest rate in almost 11 years. However, the Pound slumped as there were some signs that the labour...
Pound (GBP) Benefits from Brexit ‘Resilient’ Stance from the Bank of England Published: 11 Jul at 5 PM
Pound Sterling (GBP) The Pound (GBP) rose against many of its competitors following the Bank of England’s (BoE) financial stability report today. The BoE emphasised its resilience in response to a possible chaotic, saying in its statement that it is ‘prepared for Brexit and trade war fall-out’. Mark Carney, the Governor of the...
Pound (GBP) Falls as UK Retail Sales Fall to Record Lows Published: 9 Jul at 4 PM
Pound Sterling (GBP) The Pound (GBP) fell following the publication of the annual BRC like-for-like retail sales figures for June, which fell to record lows from -3.0% to -1.6%. Helen Dickinson, the Chief Executive at BRC, said: ‘Overall, the picture is bleak. Rising real wages have failed to translate into higher spending as ongoing...
Another RBA Rate Cut on the Horizon? Published: 4 Jul at 4 PM
Pound Sterling (GBP) Under Pressure as Brexit Pessimism Looms Sterling (GBP) remained under pressure on Thursday as Brexit Secretary Steve Barclay stated that a no-deal Brexit could trigger a recession. When asked if he could rule out the UK suffering a recession due to a no-deal Barclay simply stated ‘Well, no.’ Meanwhile,...
Australian Dollar (AUD) Rises as RBA Slashes Interest Rates to Record Low Published: 2 Jul at 5 PM
Pound (GBP) Under Pressure as Carney Warns Trade Tensions Could ‘Shipwreck’ Global Economy On Tuesday afternoon, Sterling remained under pressure following a disappointing UK construction PMI which fell at its fastest rate in a decade. Meanwhile, in a speech Bank of England (BoE) Governor Mark Carney warned the global trade war...

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